S. 4780
IntroducedA bill to amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
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Full text of the bill
Official source on Congress.gov ↗[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4780 Introduced in Senate (IS)]
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119th CONGRESS 2d Session S. 4780
To amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
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IN THE SENATE OF THE UNITED STATES
June 15, 2026
Ms. Murkowski introduced the following bill; which was read twice and referred to the Committee on Finance
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A BILL
To amend the Internal Revenue Code of 1986 to exclude micro-grants for food security from gross income.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. MICRO-GRANTS FOR FOOD SECURITY EXCLUDED FROM GROSS INCOME.
(a) In General.--Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139L the following new subsection:
``SEC. 139M. MICRO-GRANTS FOR FOOD SECURITY.
``(a) In General.--In the case of an eligible entity (as defined in subsection (b)(1) of section 4206 of the Agriculture Improvement Act of 2018 (7 U.S.C. 7518)), gross income shall not include any subgrant or other financial assistance received by such eligible entity under such section of such Act.''.
(b) Clerical Amendment.--The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after the item related to section 139L the following new item:
``Sec. 139M. Micro-grants for food security.''.
(c) Effective Date.--The amendments made by this section shall apply to amounts received in taxable years beginning after the date of enactment of this Act. <all>